As more and more families choose to rent rather than buy a home, their preferences and lifestyles are changing, and FL Star has incorporated these features into the design of Hammock Park apartments.
“Across the country, about 35% of households are renting, according to US Census statistics,” said Gary Hains, spokesman for FL Star, developer of Hammock Park Apartments. “In the past, renting was seen as a transition before buying a home. For a growing portion of the population, renting has become a lifestyle choice.
Nearly a third of renters are aged 35 or younger, who choose to forego a mortgage and opt to rent to allow for job mobility or activities offered in the area, according to a survey by the National Multifamily Housing Council . Just under 20% are people age 65 or older, who have downsized a single-family home in favor of maintenance-free living.
“The luxuries associated with apartment living are still in high demand, according to the Council’s survey,” Hains said. “Tenants like apartments designed to live like a private home, with washers and dryers in the units. They benefit from resort-style amenities such as a well-appointed fitness center and swimming pool. But one characteristic is increasingly important: tenants want a connection with their neighbors. The community is at the forefront.
Hammock Park’s unique design, with the building surrounding an open courtyard, contributes to that sense of community, Hains noted.
“The central courtyard becomes something like the town square, where residents meet neighbors to enjoy activities or just to sit and visit,” Hains said. “But with the addition of the nearby Hammock Park Center, residents will be able to wander around for an afternoon of shopping or dining. This enhances the general sense of community life.
The 20,000 square foot Hammock Park Center will feature a variety of retail stores with 5,000 square feet of dining space and additional outdoor restaurants, a convenience to surrounding neighborhoods as well as Hammock Park residents.
“The Hammock Park Apartments and Hammock Park Center development combine to provide the perfect Florida lifestyle for tenants,” Hains said.
FL Star is a conglomerate of real estate entities led by David E. Torres and Gary Hains. FL Star’s current projects include Sapphire Cove, an intimate community of single-family homes in South Naples; Hammock Park Apartments, a 265-unit community under construction at the corner of Collier Blvd. and Rattlesnake Hammock Road; Vanderbilt Apartments, a new 48-unit apartment community on Vanderbilt Beach Road; Milano Lakes, a 296-unit luxury apartment community; and Hammock Park Center, a new mall on Collier Boulevard. FL Star also builds a selection of single family homes in Golden Gate Estates and Cape Coral. In addition to construction and development activities, the company provides commercial and industrial property management services for property owners and condominium corporations, including maintenance, rent collection and financial reporting. Projects totaling more than 1,500 residential units are in preparation for the years to come. For more information, visit FL-Star.com.